Rebate

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Rebate

Negotiated return of a portion of the interest earned by the lender of stock to a short seller. When a stock is sold short, the seller borrows stock from an owner or custodian and delivers it to the buyer. The proceeds are delivered to the lender. The borrower, who is short, often wants a rebate of the interest earned on the proceeds under the lender's control, especially when the stock can be borrowed from many sources. Note: The seller must pay the lender any dividends paid out or, in the case of bonds, interest that accrues daily during the term of the loan.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Rebate

1. In an option, the amount that the holder is paid by the writer if the contract expires unexercised. It is usually a portion of the premium the holder originally paid.

2. In a short sale, the interest or dividends to which the lender of a security otherwise would be entitled but instead passes on to the borrower (who is the short seller).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

rebate

(1) A refund. (2) A kickback. Kickbacks from settlement providers are illegal under the Real Estate Settlement and Procedures Act.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

Rebate

Same as Negative Points.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The chief regulator said Tuesday all active Manila Water accounts as of March 31, will receive rebate for first 10 cubic meters of water consumed in a month - which is P153.93 for a residential customer.
North Brunswick Township Board of Education, in North Brunswick was selected to replace three school buses for a total rebate funding amount of $55,000.
We believe such ambiguity highlights the need for better disclosure by industry participants on the amount and accounting methodology for rebates. Increased clarity on the relationship between list and negotiated prices could help to highlight the true margins retained within the healthcare supply chain and explain whether efforts to consolidate negotiating power is driving the increase in vertical M&A within the industry.
However anyone who fails to put their claim in before April 6 will permanently lose the chance to claim a rebate for the 2013/2014 tax year.
Che Ruzima said the applicant had argued that consumers do not get to enjoy the 2.5 per cent rebate as the amount is a channelled into their deposit.
The percentage of enrollees covered by plans that paid rebates fell to 9.9%, from 13.1%.
Other local utility districts offer rebates for energy-efficient upgrades as well.
With funding tight and waitlists long, two renewable-energy rebate programs--one for homeowners, the other for businesses --have closed until further notice.
Callers are contacting people stating that they are eligible for a general tax or council tax rebate.
With that in mind, the FAA and its Department of Transportation parent agency on June 6, 2016, unveiled a rebate program--unprecedented in our memory--the feds hope will accelerate what is widely considered a laggardly installation pace.
Many of these programs center on prescriptive rebates: A customer agrees to install a device or system that satisfies minimum performance criteria while saving energy.
Since 2013, the Southeastern league has returned more than $1 million to affiliated credit unions in Alabama and Florida through dues rebates.